Pursuant to provision of Regulation 30 and other applicable Regulations, if any, of the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015, we would like to inform you that the Board of Directors of the Company in their Meeting held today i.e. 10th January, 2019 have inter-alia considered, approved the followings: 1.Subject to the approval of the members and other authorities concerned, to issue upto 83,50,000 equity Shares of Rs. 2.00 each and 2,53,00,000 warrants (convertible into equity Shares of Rs. 2 each) at Par (i.e., at an Issue Price of Rs. 2.00 each) or such higher issue price as may be determined as per the SEBI (ICDR) Regulations, 2018 to the promoter group persons on preferential issue basis. 2.The Board decided to call an extra-ordinary general meeting of the members of the Company on 8th February, 2019, to get the approval of members for the aforesaid preferential issue. The notice of extra-ordinary general meeting and other relevant documents shall be submitted on due course.